Beef: Netflix added 1.7M subs last quarter, fewer than half what Wall Street was expecting. But the streamer hopes its password-mooching crackdown will fuel growth once the “cancellation reaction” wears off.
Cut: The Writers Guild of America approved a strike if an agreement isn’t reached with studios by May. Streaming has led to a drop in writer payouts, but old rules may be catching up to disruptors.
Angst: Gen Z and millennials are racking up record debt as financial avoidance leads to retail therapy and the bar for “doing OK” rises. US workers are now demanding a minimum of $76K to start a new job.
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